These stocks slumped two per cent, 3.9 per cent, 2.3 per cent and 1.7 per cent, respectively.

Among banks, Vietcombank (VCB) dropped 1.9 per cent, the Bank for Investment and Development of Việt Nam (BID) dropped 1.7 per cent, and Vietinbank (CTG) lost 1.8 per cent.

Those banks also declined on lower investor confidence after Việt Nam’s central bank on Monday asked them to stop signing new contracts - as of Thursday - with all low-income earners who receive loans from the housing stimulus package worth VNĐ30 trillion (US$1.3 billion) to buy and rebuild houses, Bảo Việt Securities Corporation (BVSC) wrote in its daily report.

That dragged down property developers such as FLC Group (FLC), Tân Tạo Investment Industrial JSC (ITA) and Nam Long Investment Corporation (NLG), which fell 1.5 per cent, two per cent and 0.9 per cent.

Additionally, markets were dragged down by the energy sector as oil prices fell for a fourth trading day on forecasts that US stockpiles will increase to keep supplies at the highest level during the last eight decades.

US benchmark West Texas Intermediate (WTI) yesterday lost 1.6 per cent to trade at US$38.76 a barrel, and London-traded Brent crude was down 2.1 per cent to trade at $39.44 a barrel.

WTI and Brent crude have fallen 6.5 per cent and 5.6 per cent, respectively, in the last four trading sessions.